Goldman faces criminal probe

April 30, 2010 at 3:31 pm

Beleagured Wall Street giant Goldman Sachs, already sued by the SEC on securites-fraud civil charges, reportedly is now being investigated by the Department of Justice for possible criminal charges. Law Professor Elizabeth Nowicki, both a former SEC attorney and Wall Street lawyer, called the revelations stunning.

“This is not a usual occurrence at all, and it is far more serious, in my view, than the SEC’s securities fraud lawsuit.”